Role of Internal Audit Department.
The role of the Internal Audit department as per the UDC Audit charter is to; Assist the Board of Directors, Management and staff in the effective discharge of their responsibilities by providing risk-based ,objective assurance, advice and insight concerning the adequacy and effectiveness of the UDC’s internal control systems, risk management and governance processes.In order to fulfill those roles, the Internal Audit Department’s scope of work encompasses all systems processes.
Functions and activities of Internal Audit
i Support UDC to achieves its strategic objectives.
ii Enhance Effectiveness and efficiency of operations and programs.
iii Risks are appropriately identified and managed.
iv Safeguarding UDC’s assets.
v Foster reliability and integrity of financial and operating information.
vi Support Compliance with laws, regulations, policies, procedures, and contracts.